Post From Dinar Updates
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Dinar Updates Thursday AM Chat 9-1-16 Part 2 of 2
rcookie says():OK......SO HERE IS ANOTHER STATEMENT FROM NASIRI REQUESTING THE GOV'T ESTABLISH A SUPREME COUNCIL FOR THE PRIVATE SECTOR...
rcookie says):Alnasiri: calling on the government to establish the Supreme Council for the private sector
The member of the Forum of Baghdad Advisory Council Economic Government to establish the Supreme Council for the private and pointed to the Gaza told Economy News that the main pillars of economic reform is to give an active role for the private sector in the process economic management and activation session of the Economic through involvement in economic decision-making in areas that stimulate productive sectors in agriculture, industry, energy and tourism to diversify its 2017 budget resources
and reduce dependence on oil ratio as a major supplier of the budget, according to government estimates of the allocations planned for the oil revenues and non-oil revenues in the budget and Hmaattalb of the government to take quick action this year of the founding of (the Supreme Council for the private sector)
and consists of heads unions, organizations and associations and links representing the private sector and effective and influential in achieving the partnership with the public sector in achieving the axis (III) of the government program (to encourage the shift to the private sector)
and materials branching than in agriculture, industry and banking, in part, finance and investment and to be among the members of the council of representatives from the central bank and the Ministry of finance and planning, industry, agriculture, electricity and body Alasttmarrosoq Iraq Stock Exchange and the Association of Iraqi private banks and representatives of financial committees and the economy
and invest in the House of representatives of the Council and is linked to the Secretariat-general of the Council of Ministers and concentrated main task of the Council in the central supervision of Cun support and funding,
investment and operation of the projects that contribute to the diversification of administration non-oil budget resources with the knowledge that the experience of such a council has been successful in some countries that have moved to the productive economy and girl national economy by relying on the private sector.
rcookie says():AGAIN FOLLOWING SUCCESS TEMPLATE OF NEIGBORS WHO HAVE IMPLEMENTED SIMILAR WITH GREAT SUCCESS...
rcookie says():PROVIDE PILLAR OF PRIVATE SECTOR REFORM...THE ECONOMIC MANAGEMENT PROCESS AND AN INTEGRAL PART OF ECONOMIC DECISION MAKING....
STIMULATING PRODUCTIVE SECTORS IN AGRICULTURE, INDUSTRY, ENERGY AND TOURISM AND DIVERSIFY 2017 BUDGET REVENUES....
rcookie says():WHICH ARE MANDATED BY IMF IN REVENUE REFORMS IN OIL & NON-OIL AREAS...
AND EXPEDITE THE IMPLEMENTATIO OF THIS SUPREME COUNCIL OF THE PRIVATE SECTOR COMPRISED OF UNION HEADS, ORGANIZATIONS & ASSOCIATIONS LINKING PRIVATE SECTOR & PUBLIC SECTOR PARTNERSHIPS TO FOSTER THE GOV'T PROGRAM OF TRANSITION TO PRIVATE SECTOR...
rcookie says():COUNCIL WILL INCLUDE MINISTRY OF FINANCE, PLANNING, INDUSTRY, AGRICULTURE. ELECTRICITY, IRAQI STOCK EXCHANGE ASSC OF PRIVATE BANKS, AND ECONOMIC FINANCIAL COMMITTEES....
TO SUPPORT FUNDING, INVESTMENT AND OPERATIONS SUPPORT IMPLEMENTED SUCCESSFULLY BY OTHER COUNTRIES WITH SUCCESSFUL, PRODUCTIVE PRIVATE SECTOR ECONOMIES....
rcookie says():EVERYONE REMEMBER THE REVENUE & EXPENDITURE REFORMS INITIATIVE FROM THE 2016 IMF LOI...I BROKE DOWNPUT OUT FOR SECOND TIME YESTERDAY.......
MrsBGG says():Love it that this room has such a great sense of humor! :D
Woodywoodpecker says():Beak is fine thanks
rcookie says():WELL NUFF SAID ABOUT THE CO-AUTHORING AND TECHNICAL ASSISTANCE AS TO BUDGET PARAMETERS AND THRESHOLDS.....
rcookie says():Parliamentary Finance announced its intention to reduce the total budget expenditures to around 80 trillion dinars
Posted By editor Economy News / Baghdad ... Parliamentary Finance Committee announced its intention to reduce the total expenses of the federal budget for next year to about 80 trillion dinars.
The committee member said Hossam punitive in a statement that "operating expenses rate for the new budget is estimated at 102 trillion dinars, and the parliamentary bent because the spending rate is between 2015 to 2016 is the actual scale to estimate the total budget next year," noting that "the parliamentary committee will resort to reducing expenditures size that does not exceed 80 trillion dinars in total, so there is not any justification for excess disbursements. "
"The decline in world oil prices over the last two and a lack of real coordination between the figures estimated in the budget and the global oil price inflation, as well as the vast difference between the speculative revenues of the state and the actual collection, is Madf the Council of Ministers as well as the parliamentary finance committee to monitor the registration of actual income and expenditure control in the federal budget. "
"The Council of Ministers barrel rate of $ 35 adopted a logical and acceptable price because prices generally rate for the years 2015 to 2016 did not exceed that number."
The Prime Minister Haider al-Abadi said on yesterday for the cabinet vote on the budget for fiscal 2017.
rcookie says():BIG SHOCKER....BUDGET EXPENDITURES PARED DOWN TO REFLECT NUMBERS AND THRESHOLDS ON EXPENDITURES.
clay says to rcookie():besides an RV can the news get any better
eman4u55 says to clay():yea a date and rate would do
rcookie says():The World Bank held a workshop on the reconstruction of the devastated areas in Salahuddin, Diyala
An economy Since 2016-09-01 10:25 a.m. (Baghdad time) Baghdad scales news The World Bank Group, discussed Thursday, with representatives from the relevant ministries in the reconstruction fund affected areas of workflow terrorist operations in Diyala and Salahuddin.
The Fund Chief said in a statement, Abdel Basset Turki received/balance of news copy, that "within the framework of the World Bank loan and the extraordinary Diyala and Salahuddin sits in the seat of the reconstruction fund terrorist affected areas workshop with representatives of the World Bank and relevant ministries from 30 August until Thursday.
Turkish, said that "during the workshop discussed workflow projects currently being implemented in the above provinces, problems and constraints faced, stressing the efforts demonstrated in completing those projects on time for its importance to the inhabitants of those regions and promote confidence between the Government and the people."
World Bank Group made his statement "its readiness to help to promote the reality of those areas within the loan and facilitate cooperation with those ministries in coordination with the reconstruction fund, stressing keenness to abide by helping Iraq and its people." over 29/24
rcookie says():SO....AGAIN YET ANOTHER DEMONSTARTATION OF THE WORLD BANK ACTING IN CAPACITY OF DIRECT LENDING AGENT TO THE PROVINCES TO ADMINISTRATE AND EXECUTE THE PROVINCIAL RECONSTRUCTION & DEVELOPMENT FUNDING PROJECTS....HERE WITH A WORKSHOP FOR SALAHUDDIN & DIYALA...
larrykn says():I feel people aren't thinking of the cost to cash out, that might surprise people
clay says to larrykn():what do u mean
clay says to larrykn():the bank fees?
larrykn says():I've heard they can charge up to 18 to 20 %
clay says to larrykn():no way
larrykn says():for exchange
clay says to larrykn():more like 2% Ive heard
clay says to larrykn():if they want your business
larrykn says():your right I would stay away from anyone that want even 10%
larrykn says():I feel 1 to 2 % is a good amount to just exchange
Society says to larrykn():If you can get 1%, I will want to know where.......for example, currently Travelex charges 1,000 USD for 820 Euro and the current rate is 1,000 to 893Euro for a spread of 8.17%
Elane says():hmmm good to know Society.. thanks
larrykn says to Society():I agree but I also feel when you talking millions they will make a deal
clay says to Society(): with millions at stake dont think it will be high
Society says to larrykn():Ali with DT always said that no bank would be able to compete.....he boasted he would charge $50 per million
clay says to Society():I remember but hes gone now
Society says to larrykn():It may be why he was forced out as that would keep IQD exchanged from the UST
larrykn says to Society():he was forced out because he did those reserves
Society says to larrykn():Ultimately, I will ask my bank to meet (or beat) the best deal I can find as I would prefer to just deal with them.....however, at 1-1, every 1% is $10,000 per million or $40,000 at 4-1
Society says to larrykn():I don't think that is true......
Society says to larrykn():Reserves have yet to found to be illegal and they are certainly not unlawful
larrykn says to Society():I agree but I'll be checking on our dice list first to see where the best deal is at
Society says to larrykn():Agree on checking list
Society says to larrykn():If reserves were illegal, Sterling prosecution would be over instead of indefinitely on hold
larrykn says to Society():the FBI closed them down because the were doing the reseves on the currency which is illegal
Society says to larrykn():Again, the reserves have yet to be proved illegal
bubbles says to larrykn():(y)
Society says to larrykn():DC plead guilty because the were selling reserves on currency they didn't possess......that was fraud.....you can't sell something you don't have
larrykn says to Society():I'm not argueing with you but there has to be something about those reserves for the FBI to close down those sites
Okie Dinar says to clay():(})
Society says to larrykn():According to dinarland only
bubbles says():The way I read/understood it they didnt have enough to pay if they needed to. They were takeing money for reserves and if they had to pay they didnt have it.
Society says to larrykn():I believe I will get my reserves from Sterling before it is all over.....or, the US as the Supreme court states if te US confiscates property they must pay for it
Society says to bubbles():Who are you talking about, DC or Sterling???
bubbles says():I wish I get my reserves but I dont see that happening. I dont think you will even get your money back it is gone.
bubbles says():Sterling bubbles says():actually both
Society says to bubbles():If true, Sterling prosecution would be over
bubbles says not that simple
Society says to bubbles():True as it relates to DC but Sterling maintained in the neighborhood of 9Bil IQD to cover reserves....
bubbles says():It was said they didnt
Society says to bubbles():By whom??? Not the government prosecutors as of yet related to Sterling
Society says to bubbles( Only dinarland speculation
bubbles says():I didnt say the article. But it did say they didnt have the reserves
Society says to bubbles():The government is holding in the neighborhood of 8.7 billion IQD of Sterlings......very consistent with their position of maintaining 9 bil
Okie Dinar says to bubbles():GA Bubbles! Hope your having a great day today :)
Society says to bubbles():Yes.....the articles have clearly said DC did not have the reserves in possession
Society says to bubbles():Clear FRAUD
Society says to bubbles():Case is over.....sentencing 10/25 ....US is preparing to pay reparations to those affected by DC's fraud
Society says to bubbles():As long as Sterling had IQD to cover reserves, the government interfered in lawful private equitable contracts and has liability
Read More :http://www.dinarupdates.com/showthread.php?40068-Thursday-Sept-1